Cost of Living in Mexico
Last updated on Jan 03, 2024
Summary: The cost of living in Mexico is generally lower than in the United States. A nice one bedroom apartment in Mexico can cost anywhere from $400 to $800 USD per month, while a nice two bedroom apartment can cost from $600 to $1,200 USD per month. The cost of dinner at a moderately priced restaurant in Mexico is usually around $10 to $15 USD per person.
Is the cost of living in Mexico high?
We asked people how much they someone comfortably live on in Mexico, they wrote:
"If one buys local or Mexican brands, food is relatively inexpensive. Eating out is 1/2 or less than in the U.S.
The cost of living monthly is dependent on:
a. If you own a home.
b. your lifestyle.
We projected that we will save between $8 -10,000 annually by living here.
Gone are the $150/mo. water and sewer bills and the $180 / gas and electricity. Every little bit of savings adds up,"
explained one expat.
"I think that is a very personal question. You CAN find rental houses for about 5000 pesos per month, plus power and water, telephone and satellite. Then it depends on wether you eat the local fruits and vegetables or want something imported. Beer and alchohol are very reasonably priced, walking on the beach is free. I expect that for about 1000.00 US a person could live here comfortably. For 2000.00 you can live VERY well," said one person in Manzanillo.
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Welcome Home Mexico occupies a niche in the market as a successful relocation and real estate firm helping expats moving to Mexico! As seen on CBS news, PBS, in the L.A. Times and more, we are one of the leading companies in this field. Welcome Home Mexico offers a wide range of services, multi-lingual knowledgeable brokers with experience, efficient and professional service.
Click connect to have our partner contact you via e-mail and/or phone.
Welcome Home Mexico occupies a niche in the market as a successful relocation and real estate firm helping expats moving to Mexico! As seen on CBS news, PBS, in the L.A. Times and more, we are one of the leading companies in this field. Welcome Home Mexico offers a wide range of services, multi-lingual knowledgeable brokers with experience, efficient and professional service.
Connect
Click connect to have our partner contact you via e-mail and/or phone.
Will I save money living in Mexico?
"It far exceeded expectations, I could never afford the same thing in the USA. And, the Mexican Government offered many things such as educational courses for free," remarked one expat in Apizaco.
"Initial indications are that living in Mexico will meet or exceed our expectations. Our motivation was to find a place where we could live within our income until such time as we may require assisted living... Having gone through a number of years of paying over $6,000 a month for a family member in assisted living was a big reason for our move. We didn't want to put this kind of burden on our children. Assisted living here, if needed, is affordable and the care meets or exceeds what we paid for earlier..," explained one expat living in Ajijic.
"The costs of living are going up, but we still have a much better life style here for less money. Our expectations have been met and everytime we go north it is sticker shock in the grocery store and restaurants," said one expat in Manzanillo.
What is the average cost of housing in Mexico?
If you are thinking about moving to Mexico, cost of living in probably a key consideration. Expats commented about the cost of housing:
"Much lower than in Washington state. Taxes are minimal but utilities (electricity) is rather expensive... Based on the former occupant's usage, we opted to install solar. This was a significant amount but with a 3-4 year pay back...We are able to have a maid, gardener and pool guy which we certainly couldn't afford up north... Eating out is inexpensive and about 1/2 of what it would cost NOB. The average cost of housing depends a lot on the area one chooses. The closer to Ajijic center the more expensive. Houses with views (which we have) command a higher price tag... We were looking in the $3-400,000 range and there is a good supply at these prices," wrote a person living in Ajijic .
"The average 3 bedroom condo on the beach is under 200,000.00 USD at this time. There are houses in gated communities from 140,000.00 USD to 2.5 million, depending on your taste," explained one expat living in Manzanillo.
"Thank god the company pays for it. The cost for an apartment is anywhere from $1,800 usd to over $5,000 usd. We are currently paying $3,800 per month utilities included," said one in Mexico City.
"The cost of housing in Mexico varies greatly depending on where you live. In general, the cost of housing in cities is more expensive than in rural areas. The cost of renting an apartment in Mexico can range from relatively affordable to quite expensive, depending on the size and location. On average, housing in Mexico is significantly cheaper than in many other countries, and is particularly affordable in rural areas," explained one expat who made the move to Mexico.
"Much lower. We pay our property taxes and water yearly. Our taxes are $699 MX and water is $1000 MX per year. Electricity is expensive in Mexico but still less than the US and is paid every other month. We have our propane tank filled on the off month and runs about $1600 MX for 2 months. Phone and internet is $600 MX per month and that is with unlimited long distanse. We have satelite which comes out of Canada. They have grocery stores that carry US products but it is imported and therefore expensive. Produce, eggs, meat, chicken and fish is amazing and reasonable. You can pay as much as you want or as little as you have for a house and find something to fit your needs," replied one expat living in Lake Chapala.
Welcome Home Mexico occupies a niche in the market as a successful relocation and real estate firm helping expats moving to Mexico! As seen on CBS news, PBS, in the L.A. Times and more, we are one of the leading companies in this field. Welcome Home Mexico offers a wide range of services, multi-lingual knowledgeable brokers with experience, efficient and professional service.
Click connect to have our partner contact you via e-mail and/or phone.
Welcome Home Mexico occupies a niche in the market as a successful relocation and real estate firm helping expats moving to Mexico! As seen on CBS news, PBS, in the L.A. Times and more, we are one of the leading companies in this field. Welcome Home Mexico offers a wide range of services, multi-lingual knowledgeable brokers with experience, efficient and professional service.
Click connect to have our partner contact you via e-mail and/or phone.
What are typical rental prices for expats in Mexico?
"The rental costs of nice 1 bedroom apartments in Mexico usually range from $400-$700 USD per month. For a nice 2 bedroom apartment, the cost increases to $700-$1000 USD per month," commented one expat living in Mexico.
What appliances are typically included in a rental?
We asked foreigners in Mexico what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Generally, rental properties in Mexico come with basic appliances such as a refrigerator, stove, and washing machine. Some properties may also include air conditioners, microwave ovens, and/or coffee makers. Depending on the property, some additional features such as a dishwasher may also be provided," remarked one expat in Mexico.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
Other Questions:
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- What are the schools in Mexico like?
- Is the cost of living in Mexico high?
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- Is the cost of living in Mexico high?
- What type of recreational facilities are in Mexico?
- What is the weather like in Mexico?
- Are there good restaurants in Mexico?
- Where will I buy groceries and do other shopping in Mexico?
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- What do I need to know when buying property in Mexico?
- Are foreigners allowed to own property in Mexico?
- What appliances are typically included in a rental?